I don't see anybody saying that. I think a few of the Cozumel experts tried to put the risk in perspective to combat some hysteria at the prospect of getting "sucked" down to 300'. Perhaps they overstated their case. But I think everybody would agree that if you are in a down-current and do nothing, or put little puffs of air into your vest as in a normal descent, you might continue to descend quite a ways.
How far apart were you and your buddy that the downcurrent left him at 70 feet and took you to 200? Or did he take more aggressive steps to counteract it?
Could it have been just a poorly managed descent? If you were perhaps overweighted and descending quickly, you could have just overwhelmed your conservative bc inflation. I have been in a number of downcurrents and it was always obvious to me what occurred.